Telecom Argentina posts 33% rise in FY11 net profit

20 Feb 2012

Telecom Argentina has announced it generated consolidated net revenues of ARS18.525 billion (USD4.26 billion) in full year 2011, an increase of 26% year-on-year, with growth largely driven by a 31% rise in mobile sales to ARS13.184 billion and a 28% increase in revenue from the company’s internet business to ARS1.757 billion. Fourth-quarter turnover grew 23% from ARS4.195 billion in 2010 to ARS5.139 billion in the same period twelve months later, helping to boost operating profit and net income for the three-month period by 11% and 18% to ARS976 million and ARS604 million, respectively. Telecom Argentina said that operating profit in 2011 totalled ARS4.04 billion, up 26% year-on-year, while full year net income jumped 33% to ARS2.42 billion from ARS1.82 billion in 2010.

At 31 December 2011 Telecom Argentina reported a total of 18.193 million domestic wireless subscribers, an increase of 11% year-on-year, with mobile ARPU rising from ARS44.4 at the end of 2010 to ARS51.4 twelve months later. Meanwhile, the number of mobile and WiMAX customers at its Paraguayan unit Nucleo rose 14% to 2.149 million. Broadband customers totalled 1.55 million at the end of 2011, up 12% from 1.38 million twelve months earlier.

Argentina, Telecom Argentina (incl. Cablevision)